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It's really much more complicated than this. There are a lot of people in this country who live paycheck to paycheck. Some of those people got there by living i
by PonyGumbo 16y ago
It's really much more complicated than this. There are a lot of people in this country who live paycheck to paycheck. Some of those people got there by living irresponsibly, and some didn't. When you're living paycheck to paycheck and an emergency comes up, you use whatever means you have available to get through it. I've certainly been in situations where I've had major unexpected expenses (medical, auto, home, business, etc) that had to be covered, and the only option was to put it on a credit card and hope I could pay it off later.
- StavrosK 16y agoDefinitely, but I don't think that's how the majority of people get into debt. My cousin can't make ends meet (he has a deficit of 100 EUR/mo) but he won't quit smoking and he just got a ceiling mural painted. When I asked him why he did it, since it set him back two months, he said "I didn't realise until after the guy had started painting".
- nostrademons 16y agoI can understand living paycheck-to-paycheck if you're making $20K/year. I can't understand living paycheck-to-paycheck if you're making $100K/year, and yet many people seem to do that. Why not live like someone who makes $60K/year, which is a perfectly adequate lifestyle, and bank the rest for emergencies?